Page 2 - Budget Terms News Today : Breaking News, Live Updates & Top Stories | Vimarsana

No matter what, we need to prepare for it because it's happening to us. i happen to think we also ought to try to do whatever we can to slow it down. we're not going to stop it, but to slow it down so that we can better prepare. but also take what steps we can. as expensive as what mayor bloomberg is proposing as what chris christie is doing, the alternatives are far more expensive and far more devastating to ignore it. >> i was just going to say, do you think that maybe climate change activists ought to put this in budget terms and just say, well, here's the budget for cleanups that are going...

Christie about what they should have been focused on today. >> nate silver predicts as of tonight, by the way, that president obama will win ohio and his chance of winning the presidency still very high. but the -- karen, i spoke to a former fema official earlier in the program and just asked him in budget terms what about a 40% cut in the fema budget, which would be the ryan plan, or what about some variation on that? call it 20%, call it 10%. what would it do in a situation like this? obviously he said it would be absolutely disastrous to their ability to respond to disasters. >> well, of co...

>> nate silver predicts that as of tonight, by the way, that president obama will win ohio and his chance of winning the presidency still very high. but the -- karen, i spoke to a former fema official earlier in the program and just asked him in budget terms what about a 40% cut in the fema budget, which would be the ryan plan, or what about some variation on that? call it 20%, call it 10%. what would it do in a situation like this? obviously he said it would be absolutely disastrous to their ability to respond to disasters. >> well, of course, it would be. i mean, look at what's happened. jus...

mohammed ceo of pimco and alexis glick has experience working on wall street and covering it and the ceo of the gen youth foundation. diane, start with you, bottom line, are there lessons from 2008 that can be applied today to avert another global financial crisis? >> well, we're already seeing them applied. the fact that central bankers are not really talking to each other before the financial crisis actually emerged in august of 2007 or july of 2007 was a major detriment to them dealing with it know and it became a shock in august of 2007 and they really didn't have the communicati...

2008. central banks are taking coordinated actions to avoid a ledge mat threat of a credit freeze the likes of which we haven't seen since after the days of lehman's collapse in 2008. we all remember what happened then. the credit freeze closed businesses, factories, wipes out millions of jobs around the world. diane, let me start with you. bottom line, are there lessons from 2008 that can be applied today to avert another global financial crisis? >> well, we're already seeing them applied. the fact that central bankers are not really talking to each other before the financial crisis...